Use of Settlement Payments Sample Clauses
Use of Settlement Payments. 1. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Participating Subdivisions listed in Exhibit G be for Opioid Remediation, subject to limited exceptions that must be documented in accordance with subsection VI.B.2. In no event may less than 86.5% of ▇▇▇▇▇▇▇’▇ maximum amount of payments pursuant to Sections V, X, and XI over the entirety of all Payment Years (but not any single Payment Year) be spent on Opioid Remediation.
2. While disfavored by the Parties, a Settling State or Participating Subdivision listed on Exhibit G may use monies from the Settlement Fund (that have not been restricted by this Agreement solely to future Opioid Remediation) for purposes that do not qualify as Opioid Remediation. If, at any time, a Settling State or a Participating Subdivision listed on Exhibit G uses any monies from the Settlement Fund for a purpose that does not qualify as Opioid Remediation, such Settling State or Participating Subdivision shall identify such amounts and report to the Settlement Fund Administrator and ▇▇▇▇▇▇▇ how such funds were used, including if used to pay attorneys’ fees, investigation costs, litigation costs, or costs related to the operation and enforcement of this Agreement, respectively. It is the intent of the Parties that the reporting under this subsection VI.B.2 shall be available to the public. For the avoidance of doubt, (a) any amounts not identified under this subsection VI.B.2 as used to pay attorneys’ fees, investigation costs, or litigation costs shall be included in the “Compensatory Restitution Amount” for purposes of subsection VI.F and (b) Participating Subdivisions not listed on Exhibit G or Participating Special Districts that receive monies from the Settlement Fund indirectly may only use such monies from the Settlement Fund for purposes that qualify as Opioid Remediation.
Use of Settlement Payments. It is the intent of the Parties that the payments disbursed from the Settlement Fund to Settling States and Exhibit G Participants be for Opioid Remediation, subject to limited exceptions that must be documented in accordance with subsection VII.C. In no event may less than 85% of Allergan’s payments pursuant to Section VI.A.1-3 over the entirety of all Payment Years (but not any single Payment Year) be spent on Opioid Remediation.
Use of Settlement Payments. 1. The Special Master shall allocate and transfer funds from the Zydus Settlement Trust as follows: 85% of such funds (the “Total Remediation Amount”) shall be paid to ▇▇▇▇ XVIII for distribution to Participating Tribes to use for Opioid Remediation in accordance with the ▇▇▇▇ XVIII Trust Agreement and the ▇▇▇▇ XVIII TDP; and 15% of such funds shall be set aside by the Special Master for the Attorney Fee Fund, including the portion to be withheld pursuant to Section III.A.4.
2. The TAFT XVIII Directors shall set aside and hold back the funds allocable to each of the following Tribes proportionate to the Tribe’s Tribal Allocation Distribution Percentage:
a. A Non-Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of Section IV.E.1 shall apply with respect to such Non-Litigating Tribe.
b. A Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of Section IV.E.2 shall apply with respect to such Litigating Tribe.
3. The Special Master shall deduct the costs and expenses incurred in the administration of the Zydus Settlement Trust out of the interest accrued on the Zydus Settlement Trust, and thereafter from the principal of the Zydus Settlement Trust.
4. In no event may less than 85% of Zydus’s payments to the Zydus Settlement Trust be spent on Opioid Remediation. The Parties acknowledge and agree that the payments disbursed to the Tribes from ▇▇▇▇ XVIII in accordance with this Section IV and Schedules B and D of the ▇▇▇▇ XVIII TDP are exclusively for Opioid Remediation.
Use of Settlement Payments. 1. The Special Master shall transfer funds from the Walmart Settlement Trust within 60 days (with one 30 day extension available in his discretion) after receiving the funds from the Settlement Fund Escrow pursuant to Section
Use of Settlement Payments. 1. The Special Master shall transfer funds from the ▇▇▇▇▇▇▇ Settlement Trust within 60 days (with one 30 day extension available in his discretion) after receiving the funds from the Settlement Fund Escrow pursuant to section III.A.2 as follows: 86% of such funds shall be paid to TAFT IV for distribution to Participating Tribes to use for Opioid Remediation in accordance with the TAFT IV Trust Agreement and the TAFT IV TDP; and 14% of such funds shall be set aside by the Special Master for the Attorney Fee Fund subject to Section VII to pay attorneys’ fees and litigation costs. Upon the second payment of $75 million by ▇▇▇▇▇▇▇ to the ▇▇▇▇▇▇▇ Settlement Trust no later than the one-year anniversary of the Effective Date pursuant to section III.A.2, the Special Master shall transfer 86% of the funds from the ▇▇▇▇▇▇▇ Settlement Trust to TAFT IV within 60 days after receiving the funds from ▇▇▇▇▇▇▇ and set aside 14% of such funds for the Attorney Fee Fund to pay attorneys’ fees and litigation costs.
2. The TAFT IV Directors shall set aside and hold back the funds allocable to each of the following Tribes proportionate to the Tribe’s Tribal Allocation Distribution Percentage:
a. A Non-Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of Section IV.E.2 shall apply with respect to such Non-Litigating Tribe.
b. A Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of Section IV.E.1 shall apply with respect to such Litigating Tribe.
3. The Special Master shall deduct the costs and expenses incurred in the administration of the ▇▇▇▇▇▇▇ Settlement Trust out of the interest accrued on the Settlement Trust and thereafter from the principal of the Settlement Trust.
4. In no event may less than 86% of ▇▇▇▇▇▇▇’▇ payments to the ▇▇▇▇▇▇▇ Settlement Trust be spent on Opioid Remediation. The Parties acknowledge and agree that the payments disbursed to the Tribes from TAFT IV in accordance with this Section IV and Schedules B and D of the TAFT IV TDP are exclusively for Opioid Remediation.
Use of Settlement Payments. The State of Rhode Island and Participating Subdivisions shall use the Rhode Island Abatement Amount for Opioid Remediation as set forth in Exhibits C and H. In no event may any future amendments or revisions to Exhibit H provide for a use of the Rhode Island Abatement Amount that is for purposes other than Opioid Remediation.
Use of Settlement Payments. 1. Within 15 calendar days after receiving each of the thirteen (13) Annual Payments of funds, the Special Master shall transfer and disburse funds from the Teva Settlement Trust pursuant to subsection III.A.2 in accordance with Exhibits H-1 and H-2. For the first six (6) Annual Payments, the 15% total amount set aside for the Attorney Fee Fund shall be divided evenly over the six (6) Annual Payments, with the remaining amount of the overall total funds to be paid to ▇▇▇▇ V for distribution to Participating Tribes to use for Opioid Remediation in accordance with the ▇▇▇▇ V Trust Agreement and the ▇▇▇▇ V TDP. For the remaining Annual Payments after the first six (6) Annual Payments, all such funds shall be paid to ▇▇▇▇ V for distribution to Participating Tribes to use for Opioid Remediation in accordance with the ▇▇▇▇ V Trust Agreement and the ▇▇▇▇ V TDP.
a. It is the intent of the Parties that the payments disbursed from ▇▇▇▇ V to the Participating Tribes be for Opioid Remediation. In no event may less than eighty-five percent (85%) of the $119,181,538.15 overall total funds (or precisely $101,304,307.42) be paid to ▇▇▇▇ V for distribution to Participating Tribes to use for Opioid Remediation in accordance with the ▇▇▇▇ V Trust Agreement and the ▇▇▇▇ V TDP. The distributions to the ▇▇▇▇ will be paid over thirteen (13) years.
b. The remaining fifteen percent (15%) of the overall total funds or precisely $17,877,230.72 shall be set aside by the Special Master for the Attorney Fee Fund subject to Section VI to pay attorneys’ fees and litigation costs. The distributions to the Attorney Fee Fund will be paid over six (6) years.
2. The ▇▇▇▇ V Directors shall set aside and hold back the funds allocable to each of the following Tribes proportionate to the Tribe’s Tribal Allocation Distribution Percentage:
a. A Non-Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of subsection IV.E.1 shall apply with respect to such Non-Litigating Tribe.
b. A Litigating Tribe that has not become a Participating Tribe at the time of such distribution, and the provisions of subsection IV.E.2 shall apply with respect to such Litigating Tribe.
3. The Special Master shall deduct the costs and expenses incurred in the administration of the Teva Settlement Trust out of the interest accrued on the Settlement Trust and thereafter from the principal of the Settlement Trust.
4. The Parties acknowledge and agree that the payments d...
Use of Settlement Payments. 13 1. The Escrow Agent shall transfer funds from the McKinsey Tribal 14 Settlement Trust, within sixty days after receiving the funds from McKinsey pursuant to Section
Use of Settlement Payments. The Compensatory Restitution Amount shall be used solely for Opioid Remediation.
Use of Settlement Payments. It is the intent of the Parties that the Settlement Amount be for Opioid Remediation. In no event may less than eighty-five percent (85%) of the Settlement Amount (less any amounts used to pay attorneys’ fees, investigation costs, or litigation costs) be spent on Opioid Remediation.